The Naira depreciates over 12 trading sessions at the Nigerian foreign exchange market (NFEM) as pressure on offshore payments continues to reduce the official value of the Nigerian local currency.

Reflecting weak appetite for loans, deposit money banks (DMBs) significantly increased their placements at the Central Bank’s Standing Deposit Facility (SDF) window, reaching N6 trillion as of Thursday.

NGX Index Surges as Nestle Nigeria, Stanbic IBTC Rally The Nigerian equities market closed Thursday’s trading session on a positive…

Intercontinental Exchange (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, including the New York Stock Exchange, today announced a strategic relationship and investment in OKX, a blockchain technology and trading company serving more than 120 million people globally.

OKB explodes with a 18.24% gain in 24 hours to $92.82, sharply outperforming a falling broader market, primarily driven by an explosive surge in trading volume amid institutional validation and adoption.

The naira depreciated across the foreign exchange market due to tight liquidity in the official and informal segments of the local currency market.

Tinubu Resolves OPL 245 Dispute with ENI, Unlocks Deepwater Investment President Bola Tinubu on Thursday announced the successful conclusion of…

Zambia’s growth projections for 2025 and 2026 have been revised downward, the International Monetary Fund said in a statement as fiscal pressures emerge.

Equity Investors Gain N221 Billion as NGX Index Rebounds Equity investors gained approximately ₦221 billion as the Nigerian Exchange (NGX)…

Quest Merchant Bank Limited has successfully fulfilled the ₦50 billion minimum capital requirement mandated by the Central Bank of Nigeria (CBN) for merchant banks.